FRED WILSON: Here's Why I'm Investing In Bitcoin

Hasbro, Business Insider See Also The Most Important Early-Stage Investor Of The Last 10 Years Just Made A Huge Bet On Bitcoin REPORT: The CFTC Is Considering Regulating Bitcoin Lawyer Says He'll Accept Bitcoins From Clients To Keep Things 'Discreet' Union Square Ventures ' Fred Wilson announced this morning that he's investing in Coinbase , a startup that makes transactions through the web with Bitcoin possible. This is big news for a number of reasons. Wilson is a New York-based venture capitalist who wisely saw the rise of "social" on the Internet. He was an early investor in Tumblr , Twitter, Zynga , and Kickstarter . He hadn't made an investment in almost two years . He said he was trying to figure what was next, which is what makes this investment in particular interesting. Apparently, he thinks Bitcoin, the limited virtual currency is going to be big. Bitcoin has be...